Welcome to Inside The Bakery
This newsletter aggregates the latest updates from everyone’s favorite bakery, PieDAO.
PieDAO is a growing community governing tokenised portfolio allocations, pushing the boundaries of what can be achieved with ETFs.
Our ambition is to become Bridgewater Associates on steroids, powered by an army of highly incentivised and talented community members instead of a handful of investment analysts. With PieDAO anyone, anywhere, can get access to tokenised asset allocations (PIEs) - no matter their budget.
If you haven't followed our progress yet, the concept is simple:
📌 Holding $DOUGH makes you a member of PieDAO giving the right to participate in governance; decide on the composition and weight of individual PIEs; and to be rewarded for your contribution with a share of fees generated through the protocol.
📌 Anyone with an internet connection can buy PIEs (including gas-free through our Oven) and benefit from exposure to a carefully curated, diversified selection of tokenised assets
📌 Our latest product range, PieVaults push the possibilities even further, maximising returns and minimising risk. PieVaults employ multiple active strategies such as staking, lending, and yield-farming, using a unique strategy for each individual asset within the PIE. PieVaults also unlock meta-governance of underlying assets, with the DOUGH token becoming a voting passport across the DEFI ecosystem.
Total Value Locked in pies is now $23,650,000! 🚀
Don’t forget, the greater Total Value Locked in PieDAO products, the more the generated fees for DOUGH.
📰 In The News
🎮 $PLAY Index Vote
The PLAY index Snapshot vote is now live and will run until 12:00AM Friday.
Don’t forget that Snapshot votes are gas-free! Vote today!
📚 Docs Updated
The PieDAO documentation has been updated with the latest information.
Check it out!
👀 Announcement of an Announcement
We’re very excited to share a development happening later this week.
It’s been long-awaited by the community and marks a big step forwards for PieDAO and the wider DeFi ecosystem.
Keep your eyes peeled!
💰 Liquidity Rewards
We are incentivising liquidity provision for our products with 150k DOUGH each week.
Head over to the PieDAO Bakery to get involved, or read our DEFI+L staking guide to understand how to stake using Balancer and PieDAO!
📊 Pie Performance
Pies On the Rise! 🎉
Remember, all pies started at $1!
Pies are fully-backed by the assets they represent, with pie growth directly representing the growth of the underlying tokens.
❤️ In The Community
📊 Fav Continues PieDAO Dashboards
💰 Loopring L2 DEX BCP Liquidity Incentives
Don’t forget the PieDAO community is still incentivising BCP liquidity providers on Loopring’s L2 DEX.
Thanks to the scalable L2 it’s possible to get hold of your BCP gas-free!
👏 That’s all for this week!
Thank you for being part of the PieDAO community! Don’t forget to subscribe to get the latest news, pie updates and staking APR direct to your inbox weekly.
You can get hold of BCP, YPIE, and DEFI++ gas-free with the community Oven.